U.S. energy company New Fortress Energy Inc.’s contentious LNG project in Pennsylvania has been placed on hold, environmental groups opposed to the plant said on March 21.
PennFuture, Clean Air Council and the Sierra Club have obtained an agreement from New Fortress to allow the proposed plant’s air quality permit to expire in July, effectively halting the project in Wyalusing Township in the north-central part of the state, the three groups said in a joint statement.
New Fortress will now have to obtain a new air permit from the state if it wants to begin construction of the proposed plant, the groups added.
Officials at New Fortress were not immediately available for comment.
New Fortress wanted to transport LNG from the Pennsylvania plant via truck or train to a port in Gibbstown, New Jersey. From there the company would export the LNG by ship to customers in the Caribbean and elsewhere.
New Fortress filed with Pennsylvania environmental regulators for the air permit in 2018 and received it in 2019. The permit was to expire in 2021, but state regulators extended it until 2022.
The company, however, was slow to develop the project as it focuses on other energy projects, including deployment of floating LNG (FLNG) facilities around the world.
Recommended Reading
Eni to Close Sale of Alaska Assets to Hilcorp by Year-end
2024-07-29 - Italian energy giant Eni SpA looks to close its divestment of its Alaska assets to Hilcorp Energy Co. by year-end 2024, to high-grade its upstream portfolio, according to Eni’s CEO.
Analysis: A Mountain of Asset Sales Loom After Oil Megamerger Era
2024-06-26 - U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
2024-05-27 - Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
EOG Resources, BP, Shell Bid in Trinidad Oil and Gas Auction
2024-05-27 - BP, Shell and EOG Resources companies bid for the Modified UC Block, which is near to the Teak, Sammaan and Poui producing fields.
Martin Resource Offers to Buy Spinoff Martin Midstream for $100.3MM
2024-05-27 - Martin Resource Management created Martin Midstream through an IPO in 2002.